Tofas Turk Otomobil Fabrikasi AS (Tofas) is an automotive manufacturer. It is a joint venture between Koc Holdings and Stellantis NV. The company manufactures light commercial vehicles, passenger cars, and automotive spare parts accessories. It is a Turkish representative of six international brands, namely Fiat, Maserati, Alfa Romeo, Jeep, and Ferrari. It produces Sedan, Hatchback, and Station Wagon, and MCV models. The company also offers services such as after-sales services, consumer financing, insurance services, replacement services, and repair services. Through its dealership network, the company provides new car and second-hand car sales, technological infrastructure-supported after-sales services, maintenance and repair services, and spare parts for Alfa Romeo, Fiat, and Jeep vehicles. Tofas is headquartered in Istanbul, Turkey.
Headquarters
Turkey
Address
Tofas Han Kat:4-5, Buyukdere Cad. No:145, Sisli, Zincirlikuyu, Sisli, Istanbul, 34394
Website
www.tofas.com.tr
Telephone
90 212 2753390
No of Employees
5,814
Industry
Automotive
Ticker Symbol & Exchange
TOASO.E (IST)
Revenue (2022)
$4.0B
125%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
160.9%
(2022 vs 2021)
Market Cap*
$4.0B
Net Profit Margin (2022)
XYZ
16.0%
(2022 vs 2021)
* As of and is in US$
Tofas Turk Otomobil Fabrikasi AS premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Passenger Cars | After-sales Services | Fiat |
| Automobile Spare Parts and Accessories | Insurance Services | Fiat Professional |
| Light Commercial Vehicles | Replacement Services | Maserati |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In March, the company agreed to acquire the entire share capital of Stellantis Otomotiv Pazarlama A.S. |
| 2022 | New Products/Services | In October, the company's brand Jeep announced to launch the "Avenger". |
| 2022 | New Products/Services | In September, the company's FIAT brand launched Panda. |
Competitor Comparison
| Key Parameters | Tofas Turk Otomobil Fabrikasi AS | Ford Otomotiv Sanayi AS | Anadolu Isuzu Otomotiv Sanayi ve Ticaret A.S. | Karsan Otomotiv Sanayii ve Ticaret A.S. | Hyundai Assan Otomotiv Sanayi Ve Ticaret AS |
|---|---|---|---|---|---|
| Headquarters | Turkey | Turkey | Turkey | Turkey | Turkey |
| City | Istanbul | Istanbul | Kocaeli | Bursa | Kozyatagi |
| State/Province | - | - | Kocaeli (Izmit) | - | - |
| No. of Employees | 5,814 | 23,717 | 1,037 | 2,130 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Omer M. Koc | Chairman | Executive Board | 2021 | 61 |
| Cengiz Eroldu | Chief Executive Officer; Director | Executive Board | 2021 | - |
| Fabrizio Renzi | Chief Financial Officer | Senior Management | 2018 | - |
| Samir Cherfan | Vice Chairman | Executive Board | 2021 | - |
| Arzu Yazgan | Director - Corporate Communications | Senior Management | 2012 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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